India is now world’s 3rd biggest oil consumer behind USA and China .India has a GDP growth rate of about 7% , thus the consumption of oil is increasing . India consumes nearly 4.13 million barrels of oil per day . read more
In CIS, consumption grew by 7.3% (8.9% in Russia), while rising 4.2% in the Middle East (driven by Saudi Arabia and Kuwait). Each region contributed 8% to the overall increase. Despite this growth, the US remains by far the largest user of oil, consuming more than China in 2010. read more